Royal Bank of Scotland (RBS) are not the first bank to launch a contactless card but they certainly did it with the most fanfare. The first time one of the cards was used was by the Williams Formula 1 team at a McDonald's drive-thru in Billingsgate, London. The quick pitstop was the ideal showcase for the new card, which RBS claims makes paying twice as fast. For transactions under 10 pounds the card can be used without a PIN or a signature, instead it is simply tapped against a special reader. Iain Clink, managing director of cards and direct finance at RBS said:
"Having been the first in Europe to trial contactless cards means we know that everyone wins with this new way to pay. People love the convenience and speed of the card as well as the freedom from worrying about whether they have enough change for everyday things like morning coffee, a newspaper or a sandwich at lunchtime. Retailers like contactless cards too because they make paying faster which means faster moving queues and happier customers."
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